Learn from past

 

it is strongly believed in Forex market hat history repeats itself - that is why the past data in essentially used in analysis

 

I completely agree with the sentiment. Forex consists of generally known patterns that repeat themselves over and over with some variation. It's for the best to endeavour to learn these patterns.

 
Great topic! I also believe that the key to understanding the future lies in a study of the past, or in other words the future is just a repetition of the past. Learning from events that have already occurred and exploring the past could prevent us from making significant mistakes, and also could provide us with a great advantage.
 
Yeah, but it is only good, if we read it and follow the same, else we might just end up losing it all. 
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